X-Border Payments: European Central Bank Report says CBDCs Could Be ‘Holy Grail’

PYMNTS | Aug 2, 2022 A central bank digital currency (CBDC) could be the “holy grail” for cross-border payments, offering a solution that is “immediate, cheap, universal in terms of reach, and settled in a secure settlement medium,” the European Central Bank (ECB) said in a recent report on identifying the ultimate cross-border payment medium. “... the

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